Tax Relief

Non-public colleges anticipate the Senate to move a tax relief invoice quickly

The country’s largest private school associations have expressed hope that the Senate will soon pass Senate Act 2272, which grants preferential tax rates to educational institutions during the pandemic, after most senators signed up to co-author the proposed measure.

In a joint statement, the groups led by the Coordinating Council of Private Educational Associations (Cocopea) thanked Sen. Pia Cayetano, Chair of the Senate Committee on Ways and Means, Sen. Juan Edgardo Angara, sponsor of Senate Law 2272, and 14 other Senators for their quick and decisive action Support bill aimed at amending Section 27 (b) of the National Internal Revenue Code to finally ensure the granting of a preferential tax rate of 10 percent to property schools, including the temporarily lowered rate of 1 percent during the pandemic under the CREATE- Law.

“We pray for our senators that they will continue to be filled with courage and willpower to urgently pass this groundbreaking law for the Filipino education system at the 18th Congress,” reads the joint statement by the education associations.

Other Senators who responded to the group’s call for the urgent adoption of SB 2272 amid the threat to the survival of many private schools across the country include Senators Joel Villanueva, Ralph G. Recto, Juan Miguel “Migz” F. Zubiri, Maria Lourdes Nancy S. Binay, Win Gatchalian, Grace L. Poe, Richard J. Gordon, Francis “Kiko” N. Pangilinan, Risa Hontiveros, Emmanuel “Manny” D. Pacquiao, Ramon Bong Revilla Jr., Cynthia A. Villar and Leila Lord of Lima.

The private school groups also thanked Senator Franklin M. Drilon for urging the Bureau of Internal Revenue and the Department of Finance to suspend RR 5-2021, which increases the private school tax rate, and Senator de Lima for submitting Senate Resolution 766 the President to suspend the implementation of RR 5-2021.

“We thank Senators Cayetano Angara, Drilon, Pangilinan, Villanueva, Hontiveros, Gordon, Marcos, and Villar for showing their support for SB 2272 during the Ways and Means Committee hearing on the 30th Joseph Noel M. Estrada.

“We are also grateful to Chairman Senator Pia Cayetano on the 2nd,” said Estrada.

The education groups expressed the hope that the draft law would come into force before the start of the new school year in August and September, “so that our schools can concentrate fully on dealing with the learning crisis and the Covid-19 pandemic that ours is experiencing Country is currently struggling ”. . “

We also urge our many private education stakeholders to join our common appeal and support our Senators to provide lifeline to our troubled schools during this pandemic, ensure continuity of learning for our students and the jobs of our teachers to secure. ”and personnel and to secure the livelihood for the many small businesses (e.g. Carinderias, tricycle drivers) that depend on our schools,“ they said.

“With the few days remaining on the legislative calendar and the number of urgent actions pending in the Senate, we are running against time to get the bill passed within the 18th Congress. This legislative intervention to stabilize education not only in this time of the pandemic but for generations to come is both crucial and complementary to any economic measure aimed at revitalizing our troubled economy, “the groups said.

COCOPEA is the umbrella organization that represents 2,500 schools nationwide. The joint declaration was signed by Estrada; Dr. Anthony Jose M. Tamayo, Chairman of COCOPEA and President of the Philippine Association of Colleges and Universities (PACU); Sr. Ma. Marissa R. Viri, President of the Catholic Association for Education of the Philippines (CEAP); Lourdes Almeda-Sese, President of the Association of Private Schools, Colleges and Universities (PAPSCU); Retired Judge Benjamin D. Turgano, President of the Association of Christian Schools, Colleges and Universities (ACSCU); NS. Onofre Inocencio Jr., President of the Association of Technical Vocational Schools (TVSA); Prof. Vicente Antonio V. Pijano III, President of the Davao Colleges and Universites Network Inc. and the Association of Private and State Colleges and Universities in Region XI Inc .; Bernard Nicolas E. Villamor, President of the Association of Cebu Private Schools; and atty. Remelisa G. Alfelor-Moraleda, President of the Bicol Association of Private Colleges and Universities.

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